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Euro zone factory output recovers

Euro zone industrial bounce not as big as expected in July
Euro zone industrial bounce not as big as expected in July

Official figures show that industrial production in the euro zone rebounded in July after a fall in June.

EU statistics agency Eurostat said output rose by 1% during July, following a 0.8% drop in June. The July rise was, however, lower than the 1.5% expected by economists.

There was a strong recovery in production of durable consumer goods, which increased 2.9% in July after a 2.5% drop in June.

The annual rate of growth in industrial production in July was 4.2%.